good article in shares mag this week, cash loss is a concern everything else looks good.

I smell a rat. The accounts do not add up and there is a 2.8m difference between the balance sheet and the cash flow statement. The stock profile and working captial management seems odd. I have asked for answers from Centurion but not heard anything. I phone this morning and the FD has left with immediate effect. Just doesn't feel comfertable to me.

thanks for the timely alert,Scrip.

Scripophilist. Where is all the cash going. Acquisitions? Investment? Ive been with this company for about a year now and im beginning to get irritated.

I have resolved where the cash is moving but whether its realistic or covering something is an open question. At the end of the day it sort of boils down to whether you trust the management or not.

I am not actually long or short it was just something that caught my eye during the prior set of results and a story to be played out I think.

I am dubious about the management. What attracts me to the company is the potential for growth as more and more cars begin to have TV's and I think they're really well placed with all the car companies they have contracts with.

I don't know if you saw this news but lets hope the new management can sort out any problems For immediate release: 31 January 2005


Centurion Electronics plc
Management Changes


Centurion Electronics plc ('Centurion' or the 'Company') today announced that
Amanda Thorneycroft, Finance Director, has resigned from the Board and left the
Company with immediate effect to pursue other business interests.

Centurion also announces Michael Harrison will be joining the Company as Finance
Director with effect from 31st January 2005 and it is anticipated that Mr
Harrison will join the Board in due course.

Mr Harrison, aged 49, is a Chartered Cost and Management Accountant with over 20
years' experience in financial management and a record of delivering profitable
business growth and creating strong financial controls. Since 1996 he has been
Finance Director at Johnson Controls, the global supplier of seating and
interiors to the automotive industry, where he was responsible for the
autonomous $800m European Ford Business Unit which operates across 17 locations
in seven countries. Previously he was Finance Director at Clays Limited, a
subsidiary of St Ives plc and was International Controller at Edwards High
Vacuum, a subsidiary of BOC Group plc.

Centurion is also pleased to announce the appointment of Keith Davis as Supply
Chain Director from 2 March 2005. It is also anticipated that Mr Davis will join
the Board in due course.

Mr Davis, aged 55, is a Professional Engineer with almost 30 years' experience
in Purchasing, Materials Management and Programme Management predominately
within the automotive industry. Since February 2002, he has been Programme
Director at Johnson Controls Automotive where he was responsible for a team of
over 30 Programme Managers in four separate locations covering all new seating
and interior programmes for Ford, Land Rover, Jaguar and Volvo. Previously Mr
Davis held various global Project Directorships at Valeo, a leading supplier to
the automotive industry.

Commenting on the management changes announced today Brian Hendon, Chairman,
stated 'I would like to thank Amanda for her valuable contribution to the
successful growth of Centurion. We wish her all the best for the future.

Anyone out there following this share and if so what are your opinions ?

I think the recent fall is way overdone, it should be on the way of recovery, hence, some big investors did bottom fishing

Share suspended!

http://www.companyannouncements.net/cgi-bin/articles/200511301600079339U.html